The Science Based Targets initiative (SBTi), an international standards-setting body, has removed nearly 300 firms from its database of companies committed to net-zero emissions for failing to align their plans with the Paris Agreement to limit global warming to 1.5 C. They include Canadian companies like auto-parts manufacturer Magna, freight company Delmar International and electricity power generator TransAlta. More than 1,000 companies originally joined SBTi’s climate campaign. (The Logic)

Talking point: Microsoft, X (formerly Twitter) and Walmart were also removed for failing to validate their climate commitments. Firms told the Financial Times that a lack of emissions-reductions policies has made it hard to move as quickly towards meeting net-zero goals as they had originally hoped. SBTi’s survey of companies found that about 54 per cent cited Scope 3 emissions—those produced from a company’s value chain and end users—as a challenge. The U.S. Securities and Exchange Commission’s long-awaited climate disclosure rules released earlier this month excluded requirements to report Scope 3.